Top 5 Transportation Stocks To Buy Right Now: Costamare Inc (CMRE)
Costamare Inc. (Costamare), incorporated on April 21, 2008, is an international owner of containerships, chartering the Companys vessels to liner companies. As of February 22, 2013, it had a fleet of 57 containerships aggregating approximately 332,000 twenty feet equivalent unit (TEU). During the year ended December 31, 2012, its fleet consisted of 47 vessels in the water, aggregating approximately 242,000 TEU. The Companys containerships operate primarily under multi-year time charters.
As of February 22, 2013, the average (weighted by TEU capacity) remaining time-charter duration for its fleet of 57 containerships was 5.1 years. During the year ended December 31, 2012, the Companys vessels were managed by at least one of Costamare Shipping, CIEL and Shanghai Costamare. The Companys customers include international liner companies, including A.P. Moller-Maersk, COSCO, Evergreen Marine, Hapag Lloyd, HMM, MSC and ZIM.
Advisors' Opinion:- [By Rich Duprey]
Containership owner and providerCostamare (NYSE: CMRE ) announced yesterday its second-quarter dividend of $0.27 per share, the same rate it's paid since late 2011.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-transportation-stocks-to-buy-right-now.html
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